Faculty Publications

Title

A Fed Rate Hike Means Higher Rates throughout the Economy

Document Type

Article

Publication Date

12-14-2016

Abstract

The Federal Reserve Open Market Committee is meeting the week of Dec. 12, 2016, and it is widely anticipated that they will raise the target fed funds rate by 0.25%. Consumers may not be concerned with this move, as they do not borrow money from the Federal Reserve.